Trading company financial results and updates

[ffsear]

Just an idea i'm messing around with at the moment on a demo account, So thought I would do it on here and see how it goes.

I will be trading UK + US companies, 1-3 days before their financial results are released, trying to judge if their results will be negative or positive. Will try to stick to companies that I know. There won't be a huge amount of science behind this, if this succeeds it will be down to sound risk management rather then any substantial form of fundamental analysis.

As for risk management.. I have opened a a demo account (plus 500) with $20,000 and will aim to maximize my losses to $500 on any one trade, although I appreciate that stocks can gap overnight, especially when results are released, however this could work both ways.

Stop losses, keep it simple. I will aim to place them above/below a previous weeks lows/highs.

Thats pretty much it. Lets see how it goes. Any input and opinions welcome.

 

[ffsear]

So tomorrow we have the following results and updates...

Finals

JP Morgan Chase & Co

Shoe Zone


Trading Announcements

Burberry Group

Premier Oil



Going to have a look at these this morning and see what I can come up with.

 

[ffsear]

Premier oil makes for pretty negative reading at the moment. Mostly around the continued slump in oil prices. Also some talk of delays in their North Sea oil program. So to get things rolling...

Short 2500 shares @ 136.09. Stop 156.09.

 

[ffsear]

note: demo account

 

[Forexmospherian]

So tomorrow we have the following results and updates...

Finals

JP Morgan Chase & Co

Shoe Zone


Trading Announcements

Burberry Group

Premier Oil



Going to have a look at these this morning and see what I can come up with.

Hi there

Not into stocks /shares etc - but notice Shoezone on your list. I am good friends with the Smith Family and Charles Smith the joint CEO I have know for 14 years .

I ought to give him a ring and find out what's going on - I thought it was still a private company with the Smith owning over 50% of shares - trouble is he's now living in South Wales and I have not seen him for over 10 months or so.

They had over 700 stores if I remember correctly and of course the market is all at cheap end - so in the difficult economy I would have though they still might be doing well etc

GL with it

Regards

F

 

[ffsear]

Hi there

Not into stocks /shares etc - but notice Shoezone on your list. I am good friends with the Smith Family and Charles Smith the joint CEO I have know for 14 years .

I ought to give him a ring and find out what's going on - I thought it was still a private company with the Smith owning over 50% of shares - trouble is he's now living in South Wales and I have not seen him for over 10 months or so.

They had over 700 stores if I remember correctly and of course the market is all at cheap end - so in the difficult economy I would have though they still might be doing well etc

GL with it

Regards

F

Yes, i was thinking the same. They have a store in Streatham Hill and one in Croydon (where I've just moved too) which always see to be busy. However they aren't quoted by plus 500 demo account so won't be able to trade them.

 

[ffsear]

Another note on risk management, I want to stay at a maximum of +1/-1 long/short ratio. I.e If i have 1 short position on, I won't take another short position and only look for a long.

 

[tomorton]

Classic approach to getting extraordinary price movement in shortest possible time.

What are your rules for narrowing down to the companies you're planning to trade?

 

[ffsear]

Classic approach to getting extraordinary price movement in shortest possible time.

What are your rules for narrowing down to the companies you're planning to trade?

Just sticking to what comes up in the next few days, and keeping a long/short ratio as even as possible. As well as sticking to companies that I know and can formulate opinions on. I.e JP Morgan doesn't interest me tomorrow, however we have J.D. Weatherspoons and William Hill next week, which are more up my street! :whistling

http://www.lse.co.uk/financial-diary.asp

 

[ffsear]

Premier oil makes for pretty negative reading at the moment. Mostly around the continued slump in oil prices. Also some talk of delays in their North Sea oil program. So to get things rolling...

Short 2500 shares @ 136.09. Stop 156.09.

Closed at 130.41. P/L £142.34

 

[ffsear]

Looking to tomorrow..

Finals

Avesco Group


Trading Announcements

Bovis Homes Group

Forte Energy NL

Tullow Oil

 

[tomorton]

Closed at 130.41. P/L £142.34

Nice return for less than 18mins in the market.

 

[ffsear]

Long - Bovis Homes Group, 1500 shares @ 831.75. Stop 797.00.

 

[ffsear]

Short - Tullow Oil, 3600 shares @ 356.08. SL 370.00

 

[ffsear]

2 positions not looking great. Going forward will wait for better entries later in the day rather then risk having a position stopped out before results/updates are even released.

 

[ffsear]

Short - Tullow Oil, 3600 shares @ 356.08. SL 370.00

Stopped out £ -514

 

[ffsear]

Long - Bovis Homes Group, 1500 shares @ 831.75. Stop 797.00.

stopped also - £-500

 

[ffsear]

Annoyingly missed a short i was waiting for on WIlliam hill!

Long Wetherspoons (J.D) 2700 shares @ 828.00 - SL 811.00

Current balance £19,128.35 (-£871.65)

 

[ffsear]

annoyingly missed a short i was waiting for on william hill!

Long wetherspoons (j.d) 2700 shares @ 828.00 - sl 811.00

current balance £19,128.35 (-£871.65)

Stopped

£-500

 

[tomorton]

Keep at it.